U.S. Stocks Climb, Bonds Fall on Stimulus Bets: Markets Wrap
Bloomberg 12/15/2020 Anchalee Worrachate and Vildana Hajric
(Bloomberg) U.S. stocks halted a four-day losing streak as Congress moved toward a federal spending package that would boost the economy. Treasuries retreated.
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The S&P 500 rebounded from its longest slide since September. Senate Majority Leader Mitch McConnell said he will keep lawmakers in Washington until a deal gets done. The 10-year Treasury yield moved above 0.90% as the Federal Reserve began its two-day meeting. The dollar weakened for a second day. Oil advanced with gold.
Wall Street is growing increasingly confident that Democratic and Republican lawmakers will clinch a bill based on a $748 billion bipartisan proposal that would inject cash directly into the economy as prior benefits begin to expire at the end of the year. The vaccine rollout continues in the U.S. without any major disruptions so far.
U.S. Stocks Climb, Bonds Fall on Stimulus Bets: Markets Wrap
Bloomberg 12/15/2020 Anchalee Worrachate and Vildana Hajric
(Bloomberg) U.S. stocks halted a four-day losing streak as Congress moved toward a federal spending package that would boost the economy. Treasuries retreated.
Popular Searches
The S&P 500 rebounded from its longest slide since September. Senate Majority Leader Mitch McConnell said he will keep lawmakers in Washington until a deal gets done. The 10-year Treasury yield moved above 0.90% as the Federal Reserve began its two-day meeting. The dollar weakened for a second day. Oil advanced with gold.
Wall Street is growing increasingly confident that Democratic and Republican lawmakers will clinch a bill based on a $748 billion bipartisan proposal that would inject cash directly into the economy as prior benefits begin to expire at the end of the year. The vaccine rollout continues in the U.S. without any major disruptions so far.
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Gold climbs as stimulus, Fed and fresh lockdowns support advance
Spot gold rose as much as 0.4% to $1,835.17 an ounce and was at $1,832.75 at 11:39 a.m. in Singapore, after a 0.7% drop on Monday.
By Ranjeetha Pakiam, Bloomberg
15 Dec 2020 08:59
Image: David Gray/Bloomberg
Gold advanced as investors weighed the prospects for a US spending package and possibility of further action from the Federal Reserve at its last meeting of the year, against the progress on the roll-out of vaccines.
A bipartisan group of lawmakers delivered details of a $908 billion relief package, splitting it into two parts in recognition of deep differences over state aid and a liability shield for employers. With Joe Biden now confirmed as president by the Electoral College, leaders in Congress need to find a way to get one or both parts through the House and Senate before the last of the relief provisions from earlier stimulus expire at the end of the year.
Futures Jump As Vaccine Optimism, Stimulus Hopes Return zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
Gold Climbs on U.S. Stimulus Outlook, Fed Bets, Virus Lockdowns
Bloomberg 12/15/2020 Yvonne Yue Li and Eddie Spence
(Bloomberg) Gold rose after the unveiling of a possible new U.S. spending package with traders anticipating fresh guidance on monetary policy from the Federal Reserve at its last meeting of the year.
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Treasury Secretary Steven Mnuchin will call in to House Speaker Nancy Pelosi‘s meeting with other congressional leaders Tuesday afternoon to discuss Covid-19 relief and a crucial government spending package. A bipartisan group released a slimmed-down proposal for a $748 billion Covid-19 aid package that separated out the two most contentious and partisan issues.